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$3,500,000
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Property Description
Best Motel by OYO Chicago, 53-rooms, 2-Story California-style exterior corridor motel built in 1971, totaling approximately 20,200 building Sq ft. and about 18,000 Sq ft. of land with main-level on-site parking. Located in Chicago's Woodlawn neighborhood on the South Side, near Hyde Park and Englewood. The property is within 2-miles from Barak Obama Presidential Library, close to the University of Chicago, Jackson Park, the Museum of Science and Industry, neighborhood retails and transit, including the CTA King Drive Station. Approximately 1-mile east of the Dan Ryan Expressway and within several miles from and to downtown Chicago, the area is experiencing ongoing redevelopment, including the nearby Barack Obama Presidential Library (opening Spring 2026). Zoned C1-2 Commercial, permitting a wide range of uses including retail, auto services, warehouse, mixed-use, and residential above ground floor.
Full Property Details
Full Property Details for 6535 S King Dr
General
- Price: $3,500,000
- Taxes: $145,605 (2024)
- Status: Active
- Type: Business
- Source: MRED
- MLS ID: 12571609
- Updated: 2/26/2026
- Added to Site: 44 day(s) ago
Business
- Business Type: Hotel/Motel
Location
- Area: CHI - Woodlawn
- County: Cook
- Driving Directions: Expressway-63rd east-King Dr. south-address. South Chicago Ave.-King Dr. North to address.
- Location Details: Central Business District, Mixed-Use Area, Public Transport Avail, In City Limits
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Gas
Structural Information
- Construction: Concrete
- Exterior Const.: Concrete
- Stories/Levels: 2
- Square Feet: 20,200
Lot Features
- Lot Size (Sq. Ft.): 17,446
- Lot Size Range: .25 to .49 Acre
- Lot Dimensions: 143 x 122
- Frontage: City Street
- Potential Use: Commercial, Conditional Use, Condominium
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Tax Amount: $145,605
- Tax Year: 2024
Disclosures and Reports
- Property ID: 20222160150000
Listed by Century 21 Circle
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Schools
Schools serving 6535 S King Dr
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Dulles Elementary School 6311 South Calumet Avenue, Chicago, IL 60637 | K-8 | 0.3 mi |
Hirsch Metropolitan High School 7740 South Ingleside Avenue, Chicago, IL 60619 | 9-12 | 1.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 6535 S King Dr
Date
Details
Price
Change
Source
2/20/2026
Listed
$3,500,000
16.67%
MLS
4/12/2024
Sold
$3,000,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 6535 S King Dr
Year
Property Taxes
Change
Tax Assessment
Change
2023
$68,668
3%
$324,299
—
2022
$66,703
2%
$324,299
—
2021
$65,214
12%
$324,299
24%
2020
$58,466
11%
$262,452
—
2019
$52,730
9%
$262,452
7%
2018
$48,282
28%
$244,424
39%
2017
$37,859
7%
$175,868
—
2016
$35,224
9%
$175,868
—
2015
$32,227
34%
$175,868
36%
2014
$23,998
-30%
$129,343
-31%
2013
$34,083
1%
$187,401
—
2012
$33,628
—
$187,401
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 6535 S King Dr
6535 S King Drive, Chicago, IL 60637 (MLS# 12571609) is a Business property. 6535 S King Drive is currently listed for $3,500,000 and was received on February 20, 2026. Want to learn more about 6535 S King Drive? Do you have questions about finding other Business real estate for sale in Woodlawn? You can browse all Woodlawn real estate or contact a Coldwell Banker agent to request more information.

